Laytime & Demurrage
Cargo Loss & Contamination
Oil Cargoes Testing & Analysis
Pequod online seminars provide delegates with a wide
variety of modular training sessions which cover specific
topics including laytime/demurrage and oil operations.
Current Availability - 9 Seminars
Current Availability - 16 Seminars
Current Availability - 3 Seminars
Current Availability - 10 Seminars
Current Availability - 7 Seminars
Best Industry Experts
All Seminars available within Pequod resources are delivered by our leading team of Respected Industry Experts
Extensive Industry Experience
All speakers are chosen for their proven track records and are widely considered as experts in their fields
Diverse Industry Insights
A wide variety of modular training sessions covering specific topics including laytime/demurrage & oil operations.
Flexible Pricing Systems
All online seminars and training sessions offer flexible pricing structrures depending on the number of attendees
Our regular training sessions offer a flexible approach to these topics with each webinar lasting between 40 minutes to 2 hours compared to the traditional 1 or 2 day training courses.
Our approach to training is a flexible one. The seminars will be run via Webex and will take place every two weeks and will run from 40 minutes to 1hr 15 mins plus Q&A time. You can sign up for seminars that interest you whether that is a range of the seminars that we have on offer or simply an individual one that interests you. Each training session will be delivered by an industry expert, all of whom also have extensive training experience. Details of our speakers along with their petroleum experience can be found below.
Our training will be of particular interest to most desks within oil majors, refinery terminals and trading companies such as trading, chartering, trade finance, operations, contracts, demurrage, legal and cargo insurance. It will also be useful for the ship brokers, underwriters, insurance brokers and bankers
There are a limited number of spaces per session so please register interest as soon as possible. If there is high demand, then there will be repeats of those topics.
We can also offer clients customised “private” training programs encompassing their selection of our training topics as well as potentially specific bespoke presentations that may be required.
David qualified as a solicitor in the 1990s. As a result of having previously worked as in-house counsel for one of the largest independent oil traders, he now specializes in petroleum shipping and trading claims...
Phil Stalley is also a consultant to the oil and shipping industry specialising in laytime, demurrage, freight, deviation and shipping expenses incurred under the transportation of oil. A regular speaker at training seminars and industry conferences, Phil also provides in house training, advice and ad-hoc consultancy...
As a consultant Tony has provided advice and conducted reviews on the structure, organisation and performance of business teams on a global basis. He has developed leaders, engaged the workforce and motivated staff...
Richard has extensive experience in claims investigation and loss control issues for bulk liquid cargoes, with particular focus on sampling and testing, mitigation strategies and the application of forensic analytical methods for the investigation of quality complaints...
To obtain the best results and view all of the seminars and Training Sessions available simply revisit this section when you have access to your PC. Once you regain access to this section of the Pequod Resources section you will be able to fully navigate the growing number of seminars and training sessions available and register your interest for forthcoming events.
Many thanks & See you Soon
To explain amongst other things how a contract is formed and what the effect is of a deal recap. The talk will also look at how subsequent exchanges between the buyers and sellers respective contracts teams fit into this scenario and what happens if matters are not fully agreed in such subsequent negotiations between these contract teams.
• Contract formation
o Battle of the forms
o Last shot
• When is a sale contract concluded?
• Terms of a sale contract
o Express terms
o Implied terms
• Interpretation of a contract
This aims to provide an understanding of the interrelationship of duties between buyers and sellers under a FOB contract and how this impacts on nominations. The talk will also consider the effect of a specified loading window on buyers and sellers and then go on to look at how the BP GTCs deals with these issues.
• Duties of buyers/sellers
• Effect of seller’s failure to load in laycan
• Substitute nominations
• BP GTCs
This talk aims to consider the effect of contractually agreed arrival dates and title and risk to the cargo in cases where contamination occurs during the ocean passage.
• Nature of a CIF contract
• Duties of buyers and sellers
• Contractual relationship with the carrier
• Remedies of buyers and sellers
• Relevant points from the BP GTCs
• Statutory limitation periods
• Shorter limitation periods arising from conventions or express contract provisions
• Extending the limitation period
• Claims notification time bars found in charter parties and sale contracts
• Case law on demurrage claims notification time bars
This seeks to share the reasoning and purpose behind the amendments and additional terms
typically made to this charter party form.
Text Required for this section
This aims to explain the costing variations that exist between different forms of interim/additional port clauses
• Vitol interim port clause
• Charterparty standard form interim port clauses
• Torm interm port clauses
• ExxonMobilVoy 2012
• Ship Owner
• Oil Terminal
• Cargo Inspectors
• Contracts/Charter Parties
• Charter Party v GTC differences
• Indicative Discharge Dates
• Demurrage Rates
• Time Bars
This talk aims to provide an understanding of the four triggers necessary to start the laytime clock and the effect of the case law surrounding these four triggers.
• Lump sum/worldscale freights
• Four triggers to start the laytime clock
o Arrival at destination. What is the destination?
o Readiness to load/discharge
o NOR and it’s validity
o Preparation time
This talk aims to provide an understanding of how the laytime and demurrage clock can be stopped, once time has started to count.
• Basic laytime rule
• Stopping the laytime clock
• Asbatank v BP VOY 4
• Part cargoes
This will explain how sale contract demurrage clauses differ and the effect of this difference
• Purpose of a sale contract demurrage clause
• Default position if no demurrage clause in contract
• “free standing” or “indemnity” clause?
• Waiting for orders
• Effect of other sale contract provisions on demurrage
A look at when time starts when nomination given late under various Trading Terms and conditions
• Time is of the essence
• Does this always apply?
• Specific GTCs have prescribed penalties
How these costs should be treated under GTCs to ensure Charterer is not out of pocket
• Freight Differentials
• Detention Claims
• Deviation Claims
• Delivery Date Ranges affected by detention
• Glencore v OMV 2018 case
• Definition of weather
• Shellvoy6, Asbatankvoy, BPVOY4, ExxonMobilVoy
• General Terms and Conditions
What time is spent on Owners Purposes and how is this treated under the charter party
• Crew Change and Taking Stores
• Breakdown and Inefficiency of the vessel
• Delays after hoses off
• Master, Agents or Terminal?
• Letters of Protest
• Backpressure and causes
• Ship Problems
• Stripping and Crude Oil Washing
• Loading/discharge rates
• Effect on Charter Parties and GTCs
• Process of issuing claims
• Resolving Claims
• Deliberate demurrage
• Infrastructure causes
• Operational Problems
• Contract Terms
• Pro Rata calculations
• Pro Rata
• Demurrage rate
• Laytime Allowance
• Storage Agreements
• Operational Matters
This seeks to provide an understanding of the steps that a trader should take and also might be taken against a sale contract counterparty or the vessel when he first learns about contamination to his cargo
• Suggested initial steps a trader should take
• Can you stop payment under the LC?
• Steps against the vessel
• Bills of lading
Realising the benefits of efficient cargo heating and minimising loss. There are many examples of under / overheating along with the games that can be played, all resulting in underperformance, cost and loss.
• The nature of the cargo
• When to heat
• By how much?
• Monitoring and tracking
• Types of heating systems and how they work
Moving a cargo from A to B results in a loss of product. Why does it happen, where does it happen and what can be done to minimise the loss?
• Contributory factors
• What is acceptable?
• Reconciling quantities
• Proactive and reactive actions to take
What makes a good operator? (In the eyes of management / In the eyes of a trader)? How and why the role varies by company, trading floor and even trading bench.
• The key attributes
• Changing demands and expectations
• Levels of experience and expertise
Managing significant risk in a world of increasing demands, priorities, excessive data and information.
• Standardised Processes
• Standardised Procedures
• Training / re-training.
To gain a basic understanding of what, for most people, is their cargoes primary mode of transportation
• Cargo stowage
• Key dimensions
Awareness of efficient (and not so efficient) systems. What goes in rarely comes out. The benefit of trim and list.
• Types of systems
• Discharge operations
• Enhanced performance
Why vetting is essential and what part does the cargo operator play in the process? What does ‘vetting’ comprise of and how does it impact on safety and ships overall performance across the globe.
• Why and when do we vet?
• The vetting process
• SIRE / EBIS
• The benefits
Defining the roles and the key differences. Perception versus reality. What to expect (and what not to expect), along with the costs.
• When to appoint
• Who to appoint
• Qualifications and expertise
• Benefits and limitations.
Making sure you get exactly what you want from your appointed inspector. A basic nomination will result in a basic inspection. If you don’t ask (specifically) you don’t get.
A simple process that often goes wrong for many reasons. The risk associated with a mistimed or discrepant L/C can be significant.
• The operations teams role
• Understanding L/C’s
• The process
• Avoiding mistakes
Increasingly used around the world, covering ships of all sizes. An operation that needs awareness along with careful monitoring and management.
• STS, FSV,FPSO
• The operation
• The challenges and risks
• Maximising performance
Inconsistent formats range across the industry. Clear and concise instructions that meet your company’s operational needs are fundamental requirements.
• The purpose
• Key ingredients
• Clarity and alignment
To introduce the different properties and storage/carriage requirements of some of the most common oil cargoes and give examples of common problems
• Types of oil cargoes
• Storage and carriage considerations
• Common problems
To explain the steps required to accurately measure and calculate oil cargo quantities
• Units of measurement
• Measurement procedures
• Calculation procedures
• Inconsistencies and errors
To explain how cargo samples are drawn, the various types of samples that can be taken and the challenges of obtaining reliable, representative samples.
• Types of samples
• Sampling equipment
• Sampling instructions
• Sample handling and storage
• The impact of bad sampling
To explain how samples are analysed to determine compliance with specification and to investigate quality complaints
• Quality specifications
• Test methods
• Compliance with specification
• Repeatability & Reproducibility
• Non-standard testing
• Joint Analysis
To explain how shortage claims can arise (paper vs physical losses) and how they are investigated
• Paper Losses
• Physical Losses
• Investigating a shortage claim
• Case studies
• Types of quality claim
• Claims investigation
• Key documentation & preserving evidence
• On-site investigation
• Joint sampling and analysis
• Case studies
• Key first steps – proper sampling & analysis
• Mitigation options
• Mitigation trials